7 dogs attack driver in Lagos


A 45-year-old commercial driver, Saturday Akpomose, narrowly escaped death last Saturday, after he was attacked by seven dogs at Ajah area of Lagos State. The timely intervention of residents and passers-by saved the driver from the dogs.

Stockbrokers fear spillover as SEC investigates BGL books


Stockbrokers and jobbers who currently do deals with BGL plc, one of the top operators in the Nigerian capital market and investment banking space are caught up in a wave of anxiety, following recent intervention by the Securities and Exchange Commission (SEC) in the operations of the ‘big market operator’

Judicial corruption: NJC asks Appeal Court to declare ex-Abuja CJ guilty


ABUJA—The National Judicial Council, NJC, has asked the Court of Appeal sitting in Abuja to affirm the guilty verdict it entered against the former Chief Judge of the Federal Capital Territory, Justice Lawal Hassan Gummi, in 2013, after he was found culpable on acts of judicial corruption. The post Judicial

IMF calls for further currency depreciation in Nigeria


THE International Monetary Fund (IMF) yesterday called for further currency depreciation in Nigeria and seven other oil exporting West African countries. The post IMF calls for further currency depreciation in Nigeria appeared first on Vanguard News.

Facebook rolls out video calls on Messenger in Nigeria, Norway, Oman, US & others


Facebook on Monday began rolling out video calling on its Messenger mobile application, enabling face-to-face conversations among users of the app around the world. The post Facebook rolls out video calls on Messenger in Nigeria, Norway, Oman, US & others appeared first on Vanguard News.

Constitution Amendment: FG asks court to stop N’ Assembly


ABUJA—Determined to sideline the proposed amendments to the 1999 constitution, the Federal Government, yesterday, prayed the Supreme Court to issue an order of interlocutory injunction against both chambers of the National Assembly. The post Constitution Amendment: FG asks court to stop N’ Assembly appeared first on Vanguard News.

Boko Haram is religious fraud – Buhari


President-elect, General Muhammadu Buhari has said that Boko Haram was nothing but a religious fraud, stressing that this would be known when it denied a recruitment base the local communities The post Boko Haram is religious fraud – Buhari appeared first on Vanguard News.

Teenager abducts, rapes two-year-old girl

A two-year-old toddler, Precious (pseudonym) has been raped by one Azeez Ganiyu, after she was abducted from her residence on Giwa Street, Ijora Badia, Lagos State. The incident happened on April 16 at about 10am after the victim’s mother left her in a room with a neighbour to buy food

NNPC audit report exposes double subsidy payments

PricewaterhouseCoopers, the firm of forensic auditors hired by the Federal Government to probe the Nigerian National Petroleum Corporation, has indicted the corporation of making double subsidy claims on petrol and kerosene. “Our examination of the PMS and DPK import verified by PPPRA revealed that some discharges were apparently verified and

Market capitalisation falls by N88bn

The equities segment of the Nigerian Stock Exchange opened the week on a negative note as equities failed to rally after declining on Thursday and Friday. At the close of trading, the market capitalisation of the listed equities fell by N88bn or 0.

NPF Microfinance Bank proposes 15K dividend

The directors of NPF Microfinance Plc have proposed a dividend of 15k per share for the 2014 financial year, following the release of its financial statement for the year. The dividend is 50 per cent or five kobo higher than the 10 kobo per share dividend NPF Microfinance Bank paid

FCMB declares N5.2bn PAT for Q1

FCMB Group Plc on Monday released its results for the first quarter of 2015, reporting increases in profits and earnings. The results, which the group filed with the Nigerian Stock Exchange, showed that it made a profit after tax of N5.

B’Haram fighters in military uniforms kill 21 in Yobe

Twenty-one persons have been killed by men suspected to be insurgents, dressed in military camouflage, in a highway attack in Yobe State. The 21 persons, according to a local vigilante source, had been residing in Damaturu after fleeing their communities earlier captured by the insurgents.

Union Bank’s profit before tax increases by 11%

Union Bank of Nigeria Plc recorded an 11 per cent increase in its profit before tax for the first quarter of 2015, the bank’s unaudited results for the period showed. The results showed that its PBT rose from N4.

Five-year-old boy kidnapped in Lagos, found in Ogun

A five-year-old boy, who gave his name as Abraham Adeyemi, suspected to have been abducted in Lagos State has been found in Ogun State. Adeyemi was said to have been found in front of the Foursquare Gospel Church, Imedu Nla, Mowe, in the Obafemi-Owode Local Government Area of the state

Building collapses, kills bricklayer

A building has collapsed in the Bariga area of Lagos killing a bricklayer, identified simply as Tunde, and injuring other workers at the site. PUNCH Metro learnt that the building, which is on Gbagada Road, was being demolished for reconstruction when the incident occurred.

Accept defeat, group tells Otti, others


A group, Alliance For Good Governance, AGG, has appealed to the candidate of All Progressives Grand Alliance, APGA, in the just concluded governorship election in Abia State, Dr Alex Otti, and other contestants who lost to concede defeat and support the winner, Dr. Okezie Ikpeazu, in the task of developing

Speakership: Gbajabiamila, Dogara, Iriase lobby new Reps

Some front runners for the position of the Speaker of the 8th House of Representatives intensified campaign for support on Monday in Abuja as newly-elected members arrived in the city for their induction programme. Among the 360 members of the House to be inaugurated on June 6 are over 290

Bus driver crushes 65-year-old woman to death

A commercial bus driver, Samson Ebenyi, has been arraigned before an Igbosere Magistrates’ Court, Lagos State, for allegedly killing a 65-year- old woman, identified simply as Mary. The incident occurred at about 8.

I worked to raise $6,000 for Libyan pimp ─ Schoolgirl

Precious Nwaigwe, the 15-year-old schoolgirl, who was kidnapped in the Ajah area of Lagos State about a year ago, has said she was made to work for $6,000 the Libyan pimp paid to buy her. She added that after paying the money, she was again used as collateral for a